Published on 11/1/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.3 million gears tied to five index basket
By William Gullotti
Buffalo, N.Y., Nov. 1 – Morgan Stanley Finance LLC priced $4.3 million of 0% gears due Oct. 29, 2031 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket is comprised of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.
If the basket return is greater than zero, the payout at maturity will be par of $10 plus 3.04 times the basket return. Investors will be fully exposed to any loss of the basket.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Basket-linked gears
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Underlying basket: | Euro Stoxx 50 (40% weight), FTSE 100 (17.5% weight), Nikkei 225 (25% weight), Swiss Market (10% weight)
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Amount: | $4,296,500
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Maturity: | Oct. 29, 2031
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If basket return is greater than zero, par plus 3.04 times basket return; full exposure to any basket loss
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Initial levels: | 4,220.88 for Euro Stoxx 50, 29,098.24 for Nikkei, 7,253.27 for FTSE, 12,087.45 for Swiss Market, 7,448.708 for S&P/ASX
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Pricing date: | Oct. 27
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Settlement date: | Oct. 29
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 61773G408
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